State Bank of India's up to $2.4 bln share sale likely in June

April 24, 2015 7:12 AM

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MUMBAI, April 24 (Reuters) - State Bank of India's plan to raise up to 150 billion rupees ($2.4 billion) via a share sale will now likely take place in June instead of April due to a fall in the lender's stock price, three sources directly involved in the process told Reuters.

Shares of the country's biggest lender by assets have fallen 8.5 percent since February-end.